World Life Institute Inc
- Assets
- $244.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medina, NY
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 22-2901833
Organization Overview
World Life Institute Inc is located in Medina, NY. The organization was established in 1989. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Life Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, World Life Institute Inc generated $38.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $27.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Metin Sahin President | 5 | $0 | |
Tedd Weyman Vice President | 5 | $0 | |
Patricia Nurreddin Secretary | 4 | $0 | |
Jacob Zimmerman Treasurer | 7 | $0 | |
Lubna Zaidi Board Member | 4 | $0 | |
Ibrahim Shakoor Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,048 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,900 |
| Total Revenue | $37,998 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $14,338 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,970 |
| Total expenses | $27,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,872 |
| Other assets | $0 |
| Total assets | $244,908 |
| Total liabilities | $40 |
| Net assets or fund balances | $244,868 |